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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. Get started by accessing best practices from Achievers’ e-book.

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5 Hidden Costs of Employee Turnover

Insperity

According to a study by the Society for Human Resource Management , replacing an employee could cost you up to five times the annual salary of the now vacant position. Their high-dollar salaries are now being spent on recruiting. She now has summers and holidays off, in addition to paid vacation. The domino effect.

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10 Basic Employee Needs And How To Meet Them

Vantage Circle

Regularly accessing your employees' salaries ensures that your salaries are competitive and live up to the benchmarks against the industry average. Regular assessment of salaries will give you confidence in your organization and discourage employees from looking elsewhere to fulfill their basic needs.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Not just salary. A new survey conducted by Fractl found that, after health insurance, employees favor benefits that are relatively inexpensive to employers, such as flexible hours, extra paid vacation time, and work-from-home options. The survey also found that 80% of employees would choose additional benefits over a pay raise.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Indirect and non-cash compensation paid to an employee. These are benefits given over and above salaries and wages. The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. Short-term covers for the employee for up to 6 months while long-term covers a worker’s lifetime’s salary.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Indirect and non-cash compensation paid to an employee. These are benefits given over and above salaries and wages. The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. Short-term covers for the employee for up to 6 months while long-term covers a worker’s lifetime’s salary.

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A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

Chapter 7: Some Useful Resources and Books on Total Rewards. It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. In a total rewards system, compensation comprises base salary and extra benefits that come under variable pay. Chapter 6:Future of Total Rewards in HRM.

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